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Global Marketing, 9e (Keegan)
Chapter 2 The Global Economic Environment

1) During the past two decades, the world economic environment has become increasingly
dynamic. To achieve success, executives and marketers must take into account all of the
following realities except:
A) capital movements have replaced trade as the driving force of the world economy.
B) production has become "uncoupled" from employment.
C) the world economy dominates the scene.
D) the struggle between capitalism and socialism continues.
E) the growth of e-commerce diminishes the importance of national barriers.
Answer: D
Difficulty: 2: Moderate
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

2) The Gross Domestic Product (GDP), a measure of a nation's economic activity, is calculated
by all of the following factors except:
A) consumer spending.
B) investment spending.
C) government purchases
D) industry purchases.
E) net exports.
Answer: D
Difficulty: 3: Challenging
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

1
Copyright © 2017 Pearson Education, Inc.
3) The demise of communism as an economic and political system can be explained by all of the
following facts except:
A) communism is not an effective economic system.
B) relatively superior performance of the world's market economies.
C) communism works when the currency exchange rate is weak.
D) difficult to manage national economies with a single central plan.
E) increased public participation in matters of state.
Answer: C
Difficulty: 2: Moderate
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

2
Copyright © 2017 Pearson Education, Inc.
4) Economic integration was at 10 percent at the beginning of the twentieth century; today, it is
approximately 50 percent.
Answer: TRUE
Difficulty: 1: Easy
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

5) The world economy has changed profoundly as evident by the fact that the global competitors
have steadily displaced or absorbed local competitors.
Answer: TRUE
Difficulty: 1: Easy
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

6) In recent times, trade has replaced capital movements as the driving force of the world
economy.
Answer: TRUE
Difficulty: 1: Easy
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

7) The struggle between capitalism and socialism that began in 1917 is over.
Answer: TRUE
Difficulty: 1: Easy
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

8) The lack of employment as seen in the recent times is indicative of the fact that manufacturing
is in decline.
Answer: FALSE
Difficulty: 1: Easy
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Application of knowledge

3
Copyright © 2017 Pearson Education, Inc.
9) The world economic environment is changing very rapidly and has become increasingly
competitive. In order to achieve success, based on author William Greider's analysis, what are
the realities that executives and marketers should take into account in such a dynamic
environment?
Answer: (a) Capital movements have replaced trade as the driving force of the world economy;
(b) Production has become "uncoupled" from employment; (c) The world economy dominates
the scene; individual country economies play a subordinate role; (d) The struggle between
capitalism and socialism is largely over; and (e) The growth of e-commerce diminishes the
importance of national barriers and forces companies to reevaluate their business models.
Difficulty: 2: Moderate
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Analytical thinking

10) Traditionally economists identified four main types of economic systems. However, due to
globalization it is harder to categorize the systems this narrowly. What will be more robust
descriptive criteria that can be used for classification?
Answer: (a) Type of economy; (b) Type of government; (c) Trade and capital flows; (d) The
commanding heights; (e) Services provided by the state and funded through taxes; (f)
Institutions; and (g) Markets.
Difficulty: 2: Moderate
Chapter LO: 2.1: Identify and briefly explain the major changes in the world economy that have
occurred during the past 100 years.
AACSB: Analytical thinking

11) Traditionally economists identified main types of economic systems, which include all of the
following except:
A) market capitalism.
B) market socialism.
C) centrally planned socialism.
D) centrally planned capitalism.
E) centrally planned nationalism.
Answer: E
Difficulty: 2: Moderate
Chapter LO: 2.2: Compare and contrast the main types of economic systems that are found in
different regions of the world.
AACSB: Application of knowledge

4
Copyright © 2017 Pearson Education, Inc.
12) Market capitalism is an economic system in which:
A) individuals and firms allocate resources that are privately owned.
B) the state has broad powers to serve the public interest as it sees fit.
C) market resource allocation is commanded by both private and state ownership.
D) there is no correlation between economic freedom and a nation's economy.
E) market-oriented economies function in an identical manner.
Answer: A
Difficulty: 3: Challenging
Chapter LO: 2.2: Compare and contrast the main types of economic systems that are found in
different regions of the world.
AACSB: Application of knowledge

13) Key characteristics of the Anglo Saxon model market system consists of private ownership
and:
A) "social partners" orientation.
B) inflexible employment policies.
C) free enterprise economy.
D) mix of state ownership.
E) generous social safety net.
Answer: C
Difficulty: 2: Moderate
Chapter LO: 2.2: Compare and contrast the main types of economic systems that are found in
different regions of the world.
AACSB: Application of knowledge

14) For decades, the economies of China, the former Soviet Union, and India functioned
according to the tenets of:
A) market capitalism.
B) market socialism.
C) centrally planned socialism.
D) centrally planned capitalism.
E) market capitalism and socialistic capitalism.
Answer: C
Difficulty: 2: Moderate
Chapter LO: 2.2: Compare and contrast the main types of economic systems that are found in
different regions of the world.
AACSB: Application of knowledge

5
Copyright © 2017 Pearson Education, Inc.
Another document from Scribd.com that is
random and unrelated content:
The Project Gutenberg eBook of A story of the sawdust: The
pathetic history of "Old Props'" darling
 This ebook is for the use of anyone anywhere in the United States
and most other parts of the world at no cost and with almost no
restrictions whatsoever. You may copy it, give it away or re-use it
under the terms of the Project Gutenberg License included with this
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you are located before using this eBook.

Title: A story of the sawdust: The pathetic history of "Old Props'"

darling

Author: Anonymous

Release date: November 14, 2022 [eBook #69349]

Language: English

Original publication: United States: A. B. Courtney, 1896

Credits: Demian Katz, Craig Kirkwood, and the Online Distributed

Proofreading Team at https://www.pgdp.net (Images
courtesy of the Digital Library@Villanova University.)

*** START OF THE PROJECT GUTENBERG EBOOK A STORY OF

THE SAWDUST: THE PATHETIC HISTORY OF "OLD PROPS'"
DARLING ***
 PRICE 5 CENTS.

A STORY OF
THE SAWDUST.
The Pathetic History of “Old
Props’” Darling.

SHE DIED FOR HER LOVE.

She met her Fate in New Zealand.—Ignorant,

Uncultured,
Who is there who can Blame Her?

MULTUM IN PARVO LIBRARY.

Entered at Boston Post Office as second class matter.
Published by A. B. Courtney, Room 45, 74 Milk Street,
Boston.

January, 1896.
Vol. 3. Published Monthly.
No. 25
Subscription Price, 50 Cents Per Year.
 A STORY OF THE SAWDUST.
Her mother was a slack-wire performer in the circus, and Patty was born
in that part of the dressing-room reserved for the feminine talent, the
privacy of which was a pleasant piece of fiction due to the strip of canvas
that “Old Props” stretched across the tent in the centre. Immediately
behind the “wall” the male performers struggled into pink tights, smoked
cigarettes and streaked the air with loud-mouthed oaths, regardless of the
proximity of the ladies, whose own language, to tell the truth, was none
too choice.
Patty came into the world somewhat unexpectedly. Her parent, the only
one she ever knew, had been seized with a sudden dizziness right in the
middle of her great balancing act and had fallen heavily in the ring, from
which she was tenderly carried to the ladies’ dressing-room, where, two
hours later, on a hastily improvised bed of elephant trappings, camel
coverings and spangled suits, snatched from the property wardrobe, a
little mite of humanity was ushered into the world amid the roaring of
the lions, the hoarse bleat of the hippopotamus, and the savage
trumpetings of the elephants in the menagerie adjoining.
From her birth Patty was a great favorite with Old Props, who, in the
absence of a legitimate father, constituted himself the male protector of
the petite girl baby, whose tiny fingers toyed carelessly with the grizzled,
brick-dusty beard of the gruff circus man whenever he took her in his
arms. For Patty was raised with the circus. When she was two weeks old
her mother resumed her “act” on the slack wire and from that time until
her death, which occurred when Patty was ten years old, the little girl
lived almost continuously in the atmosphere of the sawdust ring.
 “OLD PROPS.”
Patty was a veritable daughter of the arena. At a very tender age she had
been taught to balance herself on the back of a horse, and when her
mother died her education in bareback riding had so far progressed that
she was billed as an infant prodigy, and was the source of endless
entertainment to the youngsters of every town visited by the circus. Old
Props was her guardian, a duty that he had willingly assumed when
Patty’s mother died, leaving her daughter to his care. It must be
confessed that Patty’s education in the polite arts was sadly neglected.
Her grammar was atrocious, and her knowledge of things in general, not
germane to the circus, was deplorably slim. But her professional studies
were pursued with so much earnestness and avidity that before she was
in her teens her daring riding produced a genuine sensation, and the
advent of “Mdle. Patti,” as she was known to the public, was always the
signal for a burst of applause, to which the young equestrienne
responded with one of her most bewitching smiles.
Although fully up to the latest slang phrases, Patty was by no means
vicious, and only reflected what she had imbibed, since as a tiny toddler
of three she had been lifted on the trick pony’s back by careful Old Props
and jogged around the track, her merry eyes ablaze with delight, her
baby voice echoing the Hi! Ya! Hi! Ya! of the property boys who
clustered around the ring. In spite of her surroundings Patty’s mind was
remarkably pure. The coarse jokes of the men and the covert allusions of
the women seemed to leave no taint in their wake, while her naive
expressions were a constant delight to Old Props, who secretly exulted in
the innocence of his protegee and jealously guarded her from the
insidious advances of those in whom the baser passions were uppermost.
Patty was sui generis. Of the world beyond the circus she was totally
ignorant. If she had a passion it was for gay dresses and stunning
jewelry, while the “bravas,” elicited from an admiring audience, was the
sweetest music that her ears ever knew. At the age of seventeen she was
a strikingly beautiful girl, overflowing with animal spirits and enjoying
perfect health, a robust young goddess to whom all the other sawdust
subjects paid homage. Hers was a beauty that lacked soul, however.
Patty, poor girl, had never known the refining influences of a home and
the effect of her environment was potent to the close observer. Love was
something foreign to her nature; that is the love born of a tender passion.
For Old Props she possessed a strong sense of gratitude and a sort of
filial affection, but for the genuine article she seemed to be incapable of
its entertainment.
When Patty was eighteen the circus to which she was attached arranged
for a tour of the Australian continent, and at San Francisco the “main
guy” engaged a lot of fresh talent, some of the old-timers not relishing
the salt water voyage. Several of these new performers were adepts in
their particular lines, and one was especially so, as Old Props had bitter
cause to remember. The circus showed all through New Zealand with
remarkable financial success and Patty won unbounded honors from the
colonials, and was, besides, the life of the troupe. It was at this period—
perhaps the semi-tropical climate was partially responsible for it—that
Patty was the recipient of numerous proposals for her hand, both from
within and without the circus. But each new suitor was received in much
the same manner. A merry laugh spoiled all their sentimental speeches;
they were referred to the ringmaster; she excused herself on the plea of
practising a new jig-step for the side-show, or with the utmost unconcern
declined the offer and went on feeding the monkeys in the menagerie as
if nothing unusual had happened to disturb her tranquility. On one
occasion when Old Props was leading her horse around the ring while
the clown was working the risibilities of the audience she received a
most impassioned proposal from one of the balloon holders who was
assisting her in her “act” and near whom the horse was halted just as the
clown reached the climax of his joke. The offer came during the yelling
of the delighted colonials, the sharp snapping of the ring-master’s whip
and the eccentric tumbling of the professional joker, but for all that it
was a fervid appeal. Yet her sole answer was a derisive laugh as she
spurred on her horse with a “Hi! ya,” and the next minute she was
jumping, not into her suitor’s arms, but through the paper balloon he held
outstretched in his hand.
But Patty’s days of freedom were rapidly diminishing, and before the
troupe reached Melbourne Old Props made a discovery that rendered him
very uneasy. At San Francisco the management had engaged among
others a handsome dashing young Apollo of perhaps twenty-five, who
was a perfect prodigy in his way. He was considered the cleverest leaper,
the most skillful rider, and the best all-round man in the troupe, and to
crown all, he possessed a college education, having, it is said, been
graduated at Harvard. His specialty was riding four horses bareback, and
owing to his prowess and fine presence he was soon styled the “Adonis
of the arena.”
It was not until the circus had unloaded at Auckland, N. Z., and had
toured through the middle island that Patty seemed cognizant of the
young fellow’s varied attractions, but before long she began to manifest
in many ways her approval of his society, much to the dismay of her
guardian, who scented trouble from the outset. The young Adonis of the
ring was quick to discover the interest he had awakened, and deliberately
applied himself to the task of winning Patty’s affections. By a hundred
delicate attentions and insinuating ways, such as Patty, poor child, had
never known in her previous career, he paved his way into her good
graces and aroused in her that feeling which lies latent in the soul of
every maiden, but which few would have supposed Patty possessed.
It was to this heartless scamp that Patty unreservedly lost her heart. To
the warnings of Old Props, who, better versed in human nature,
penetrated her lover’s evil designs, the girl returned an indignant protest,
and for a time there was a coolness between the two that grieved the old
property man sorely. Those whom Patty had snubbed now began to take
a mean revenge by sneeringly alluding to her love affair and hinting that
all was not as it should be. Their remarks when made in the hearing of
Old Props drove him nearly frantic, and for several weeks he was so ugly
and crabbled that he was unbearable and even the main guy was
compelled to reprimand him for his surliness. As the affair progressed
Patty gradually lost all interest in her former amusements, and even her
little pet monkey in the menagerie was wholly neglected. Instead of
lingering before his cage to pet and caress him as was her wont, she now
hurried by to meet her lover, utterly oblivious of the tiny outstretched
paw or head cunningly askew waiting for its accustomed caress. Poor
“Mimi,” like Old Props, was forgotten.
That grizzled veteran knew too well how it would end. As the weeks
grew into months, and the foreign tour was drawing to a close, Old
Props, who watched Patty closer than any mother would her child, saw
with poignant regret how changed the girl had become. Seldom was
heard the old, mellow, ringing laugh that was wont to cheer his seared
and toughened heart, and the former jaunty step and vivacious air had
completely vanished. Yet to her guardian, who ached to receive her
confidence, Patty never vouchsafed a word.
It was at Wagga Wagga, in Australia, noted as the residence of the once-
famous Tichborne claimant, that Patty was taken ill, caused by over-
exertion in the ring, and a doctor who was called imperatively forbade
her proceeding any further. The circus was then on its way to Sydney
from Melbourne, overland, and as the vessel on which the return journey
was to be made was due to sail on a certain day the management was
compelled to leave Patty behind to follow on later. With the circus went
the contemptible wretch who was the cause of her undoing, and when
Old Props, who remained to take care of his darling, told poor Patty of
the fellow’s heartlessness, she gave a great gulp and then hid her face on
the old man’s breast and cried as she had never cried before. Her whole
pitiful story was unfolded in that bitter, heartbroken wail.
Patty was very ill for many weeks, during which time Old Props was her
sole and constant attendant. But the girl never rallied, and when her baby
was born, long after the circus was back in the States, she had barely
strength left to turn her head to gaze at the innocent mite. It was a poor,
weak, sick specimen, that lived for a few days only, and then its light
went quietly out with scarcely a perceptible struggle. There were no tears
in Patty’s eyes when her dead baby was lifted to her face by the kind
sister to receive a farewell kiss, but when Old Props returned from the
sad task of laying the little one away he was alarmed at the ghastly
change in Patty’s pinched, wasted features, and realized that in a few
days at the farthest she would rejoin her babe.
 THE DEATH-BED.
Poor, ignorant little Patty! Surely her sin will not be visited on her head
in the great hereafter, but rather on the one who deliberately led her to
ruin. She lies in the quiet little cemetery adjoining the English church at
Wagga Wagga, in the same grave with her baby, a plain white stone
erected by her heartbroken guardian marking the spot where she is at
rest. As for Old Props, he will never go out with the red wagon again.
 What He Thought.
“Sometimes,” sighed the man who is wedded to a woman with a mind of
her own, “I think my wife must take me for a pneumatic tire, the way she
is blowing me up all the time.”—Boston Transcript.
 Thought She Was Safe.
Judge—Your age?
Lady—Thirty years.
Judge (incredulously)—You will have some difficulty in proving that.
Lady (excitedly)—You’ll find hard to prove the contrary, as the church
register which contained the entry of my name was burned in the year
1845.
 His Tale of Woe.
The little boy was crying and his tears touched the heart of the charitably
inclined lady; he was so small and seemed to be in such distress.
“Don’t cry, little boy,” she said, soothingly. “Dry your eyes and tell me
what the trouble is. Did some of the big boys hurt you?”
“No’m,” replied the waif, still sobbing.
“Are you sick or hungry?” she persisted.
“No’m.”
“Did your father beat you for something?”
“No’m, but he will.”
“Oh, that’s the trouble, is it?”
“Yes’m.”
“Well, it’s a shame,” she exclaimed, angrily. “Why will he beat you?”
“’Cause I lost ten cents.”
“Did he send you to buy something with it?”
“Yes’m.”
“And you lost it on the way?”
“Yes’m.”
“Oh, well, I guess we can fix that,” she said in her kindly way, as she
took a dime from her purse and handed it to the boy. “Now he won’t beat
you, will he?”
“No’m.”
“What did he send you to buy with it?”
“Beer.”
“Beer!” The good lady gasped at the thought.
“Yes’m.”
“And how did you lose it?”
“Matchin’ pennies.”
Before she had sufficiently recovered to demand the return of her dime
the boy was gone.
 He Knew the Place.
The man with his coat collar turned up and his hat pulled down over his
eyes, who was slouching alone in the shadow of the buildings, suddenly
beckoned to the man on the other side of the street.
“Here’s a graft, Bill,” he said when the other had crossed over.
“Wot is?” asked Bill, gruffly.
“This here house,” replied the first speaker. “It’s just like finding things
all fixed for you. Some bloomin’ idiot has gone away and left his
latchkey in the door.”
Bill took a long look at the house and then shook his head.
“You kin have it,” he said. “I don’t want nuthin’ to do with the game.”
“Wot’s the matter?”
“The feller wot lives here ain’t to be trusted. He’s a low-down, mean,
tricky cuss. He ain’t got no feelin’s at all.”
“D’ye know him?”
“No; but I was here onct before, an’ I’m onto his game. He left the key
just like that before, an’ I thought it was dead easy. I went up and tried to
turn it, an’ I thought I was bein’ electrocuted sure.”
 Johnny’s Apt Illustration.
Teacher (to class in philosophy)—What are the properties of heat,
Willie?
Willie—The properties of heat are to bake, cook, roast——
Teacher—Stop—next. What are the properties of heat?
Johnny—The properties of heat is that it expands bodies, while cold
contracts them.
Teacher—Very good. Can you give me an example?
Johnny—Yes, sir. In summer, when it is very hot, the day is long; in
winter, when it is cold, it gets to be very short.
 Easy Enough.
Tramp—Yes’m, it’s hard to break away from all yer bad habits at once;
but I’ve given up some of ’em.
Lady—Which ones have you given up?
Tramp—Well, mum, I don’t get shaved on Sunday any more.
 A Tempting Offer.
We will give either a $2.00 gold ring or a dozen silver spoons to any
person who sells a dollar’s worth of our standard goods. They are needed
in every household and we will send you the outfit when you send us
your name and address. After you have sold the goods, send us the dollar
and receive your gift. This is an honest offer for honest people only.
Address R C , 1111 Arch St., P ,P .
 Superfluous Hair.
Ladies who have superfluous hair will be happy to know that I have a
quick and sure remedy; doesn’t leave the slightest trace, nor injure the
skin. I will send (securely sealed) a $1.00 bottle Free to a few ladies in
each locality. Write to Mrs. J. D V , P. O. Box 494, Philadelphia, Pa.
 Transcriber’s Notes:
Punctuation has been made consistent.
Obvious typographical errors have been corrected.
*** END OF THE PROJECT GUTENBERG EBOOK A STORY OF
THE SAWDUST: THE PATHETIC HISTORY OF "OLD PROPS'"
DARLING ***

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